Ten projects across England that support disadvantaged children and young people will receive over £28 million

Ten projects are receiving investment as part of the second round of the £80 million Life Chances Fund and will focus on helping young people into employment by providing education and training. The projects will also help reduce the number of days young people spend in care and help vulnerable children get prepared for school.

The projects are Social Impact Bonds, meaning Social Investors provide projects with up front funding and are reimbursed by government only when projects meet agreed results.

The Government’s contribution is in addition to funding from local authorities who will provide a combined £83 million to the successful projects.

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